Builders’ confidence in the housing market has slightly improved, but remain at low levels for the third straight month, CBS News reports. [Traders See Upside for Homebuilders ETF]
“Builder confidence has been in a holding pattern the past three months,” Kevin Kelly, chairman of the homebuilders association, said in the CBS article. “Looking ahead, as the spring home buying season gets into full swing and demand increases, builders are expecting sales prospects to improve in the months ahead.”
SPDR S&P Homebuilders ETF
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Max Chen contributed to this article.